Asked by math help plz

What amount should be invested today so that there will be $5000 in an account in 10 years, if interest is earned at a rate of 5% per annum, compounded bi-weekly?

help!
Answered by connexus helper
Do you have any answer choices that goes to the question?
Answered by math help plz
no there are no answer choices with that question
Answered by PLEASE HELPPP
A standing wave fixed at one end in 4th overtone has length 20m. If the temperature is 25 degrees celsius. What is the frequency?
Answered by mathhelper
bi-weekly to me means every two weeks
so in one year there would be 27 periods and i = .05/7 = .00185185

p(1.00185185)^(270) = 5000
solve for p
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